Ventilators Market Size and Share

Ventilators Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Ventilators Market Analysis by Mordor Intelligence

The Ventilators Market size is estimated at USD 5.38 billion in 2025, and is expected to reach USD 7.42 billion by 2030, at a CAGR of 6.60% during the forecast period (2025-2030).

Momentum has shifted from the pandemic-driven spike toward structural growth rooted in population aging, the high prevalence of chronic respiratory disorders, and rapid product innovation that embeds decision-support software and connectivity into critical-care workflows. Hospitals are replacing legacy systems with intelligent platforms that lower alarm fatigue, self-calibrate for lung-protective strategies, and interface seamlessly with electronic health records. Subscription-based ventilation-as-a-service models that bundle hardware, analytics, and maintenance are gaining traction among budget-constrained providers because they convert large capital outlays to predictable operating expenses. Manufacturers are also responding to sustainability mandates by lowering power consumption and offering upgrade kits that extend asset life cycles, an approach that helps hospitals meet decarbonization targets without major fleet overhauls.

Key Report Takeaways

  • By product type, intensive-care ventilators led with 46.2% of ventilators market share in 2024; portable ventilators are forecast to expand at an 8.7% CAGR through 2030.  
  • By interface, invasive ventilation held 55.7% of the market in 2024, while non-invasive ventilation is advancing at a 9.3% CAGR to 2030.  
  • By end user, hospitals and clinics captured 63.8% of the 2024 market; home-care settings are projected to grow at an 8.9% CAGR, reflecting payer support for out-of-hospital respiratory therapy.  
  • By geography, North America accounted for 34.6% of the ventilators market revenue in 2024; Asia-Pacific is set to record the fastest 15.9% CAGR through 2030.  

Segment Analysis

By Product Type: Critical-Care Leadership with Portable Acceleration

Intensive-care ventilators held 46.2% of the ventilators market in 2024, cementing their status as the backbone of high-acuity respiratory support. Procurement momentum is tied to hospital capacity expansion as emerging countries add ICU beds. Portable units, though smaller in revenue, are forecast to grow at an 8.7% CAGR, lifted by EMS modernization, military procurement, and home-transition protocols that require seamless intra-facility transport options. Devices such as the HAMILTON-T1 provide turbine-based ventilation that maintains tidal-volume accuracy in altitude and vibration conditions typical of rotor-wing evacuation. Neonatal-pediatric sub-segments benefit from policy drives to reduce infant mortality, prompting tertiary centers to install specialized modes like High-Frequency Oscillation for surfactant deficiency cases.

The ventilator market for portable models is projected to reach USD 1.42 billion by 2030 as compact designs incorporate closed-loop controls and multi-parameter monitoring, narrowing functional gaps with full ICU stations. Service-oriented revenue streams that bundle disposables and predictive-maintenance analytics help vendors secure recurring margins. Competitive intensity is rising as new entrants focus on rugged, low-maintenance designs to win defense and disaster-response tenders, further shaping the ventilators market landscape. 

Ventilators Market: Market Share by Product Type
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Interface: Invasive Dominance Faces Non-Invasive Momentum

Invasive modes generated a 55.7% share of the ventilators market. They remain indispensable for acute respiratory distress syndrome, post-operative care, and traumatic injury. Non-invasive ventilation, however, is outpacing at a 9.3% CAGR, propelled by payer preference for lower-cost home management of COPD and obesity hypoventilation. Dedicated NIV platforms reduce asynchrony and improve patient comfort, while dual-capability systems like Philips V680 allow seamless switch-over when clinical status changes. High-flow nasal cannula adoption adds incrementa l volumes by delaying intubation in acute hypoxemic respiratory failure.

By 2030, non-invasive models are on track to command 41% of segment revenue as evidence builds for reduced readmissions and higher patient satisfaction. The ventilators market size for NIV devices is expected to record a 10.1% CAGR in Europe, where stringent infection-control rules encourage minimal airway invasion. Vendors differentiate with adaptive trigger sensitivities, advanced humidification systems, and tele-monitoring dashboards that alert clinicians to adherence issues.

By Mode: Volume-Control Stability Meets Adaptive Support Innovation

Volume-controlled ventilation held a 40.3% of the ventilators market share and remained the clinical default in 2024 because tidal-volume predictability simplifies protocols and facilitates comparative research. Pressure-controlled and dual modes supply flexibility for patients with variable compliance, while synchronized intermittent mandatory ventilation assists in systematic weaning. Proportional assist and other adaptive modes are slated for a 10.4% CAGR as artificial-intelligence layers allow algorithms to respond instantly to patient-specific effort, minimizing over-assist and diaphragmatic atrophy. Hamilton’s IntelliVent-ASV and Getinge’s Neural Pressure Support exemplify the move toward physiology-tuned assistance.

Clinical adoption accelerates when studies confirm shorter ventilation days and reduced staff workload, a benefit that aligns with persistent ICU nurse shortages. The ventilators market share for adaptive modes is projected to surpass 15% by 2030 as algorithm transparency and cybersecurity safeguards become mainstream selling points.

Ventilators Market: Market Share by Mode
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By End User: Hospital Core with Home-Care Upswing

Hospitals and clinics absorbed 63.8% of total shipments in 2024, reflecting large-scale procurement programs and new ICU wing openings in Asia and the Middle East. Yet, home-care environments are forecast for an 8.9% CAGR because value-based payment models prefer out-of-hospital management when clinically appropriate, adding momentum to the ventilator market. Long-term acute-care facilities fill the intermediate need for patients not yet ready for full discharge but no longer requiring full ICU oversight.

Ventilators industry participants now tailor education, supply-chain, and support services for non-professional caregivers. Subscription models such as Vent360+ combine rental, disposables, and clinician dashboards, lowering entry barriers for mid-sized home-medical-equipment providers. Veterans Affairs Canada’s reimbursement framework illustrates how national health systems can stimulate adoption by covering device and service costs for eligible patients.

Geography Analysis

North America generated 34.6% of the ventilators market share in 2024, with growth supported by resilient capital budgets, comprehensive reimbursement, and first-mover adoption of AI-enabled platforms. Federal regulatory updates on remanufacturing and cybersecurity shape purchasing criteria, pushing hospitals toward systems with secure firmware-over-the-air capabilities. Consolidation trends are evident as ZOLL absorbs Vyaire assets and Medtronic exits, opening whitespace for mid-tier innovators.

Asia-Pacific is projected for a 15.9% CAGR through 2030, underpinned by large-scale government investment. China’s bed-expansion mandate fuels multi-year tender pipelines stretching to county-level hospitals. India’s private network, with 4,000 planned beds and INR 11,500 crore capex, seeks versatile ventilators capable of invasive, non-invasive, and high-flow oxygen therapy modes to optimize return on capital. Getinge’s localized Servo-c launch illustrates vendor adaptation to price-sensitive, high-volume markets.

Europe remains a steady but less volatile market, with growth centered on energy-efficient upgrades that help facilities comply with Green Deal objectives. Dual-capability ventilators that minimize circuit breakage support infection-control protocols and now dominate replacement cycles. Middle East & Africa and South America post mid-single-digit growth, though fiscal constraints and currency volatility cause uneven tender schedules.

Ventilators Market CAGR (%), Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Analysis on Important Geographic Markets
Download PDF

Competitive Landscape

Strategic realignment has increased concentration, yet multiple technology niches remain contested. ZOLL Medical’s USD 37 million acquisition of Vyaire ventilator lines delivered immediate scale in the portable and high-frequency oscillation categories. Conversely, Medtronic chose to divest its ventilator division, citing lower margin potential compared with monitoring and imaging assets, thereby reallocating R&D spend toward connected-care platforms.

Technology differentiation is now anchored in software rather than pure hardware. Hamilton Medical’s C6 integrates IntelliSync+ algorithms that track patient effort every five milliseconds, reducing asynchrony without clinician input. Getinge’s Neural Pressure Support synchronizes ventilation to diaphragmatic EMG signals, protecting lung tissue while preserving muscle strength. Fisher & Paykel leverages its humidification expertise to bundle NIV and high-flow therapy into home-care packages, improving adherence and comfort.

Service innovation rounds out competitive positioning. Subscription models lower customer capex hurdles and lock in multiyear consumables revenue. Vendors that backstop fleets with remote diagnostics and preventive maintenance win favor among overstretched biomedical engineering departments. Compliance with ISO 80601-2-12:2020 and forthcoming EU Artificial Intelligence Act provisions is emerging as a gate-to-market that advantages firms with robust regulatory teams.

Ventilators Industry Leaders

  1. Medtronic plc

  2. Koninklijke Philips N.V.

  3. GE HealthCare

  4. Drägerwerk

  5. Hamilton Medical

  6. *Disclaimer: Major Players sorted in no particular order
Ventilators Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • June 2025: The FDA issued a Class I recall for certain Medtronic ventilators after a reported patient death, intensifying competitive pressure just a year after the company announced plans to leave the segment.
  • May 2025: Viemed Healthcare broadened its home-respiratory footprint by purchasing Lehan’s Medical Equipment for USD 26 million, adding new geographic coverage and a larger patient base for its ventilation services.
  • February 2025: Movair secured FDA emergency-use authorization for Luisa, an 8-pound home ventilator that delivers hospital-grade performance in an ultra-portable form factor, expanding patient mobility options.

Table of Contents for Ventilators Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing ICU Bed Capacity In Emerging Economies
    • 4.2.2 Rapid Adoption Of Non-Invasive Ventilation (NIV) In Chronic-Care Settings
    • 4.2.3 Surging Demand For Portable Ventilators From EMS Fleets
    • 4.2.4 AI-Enabled Closed-Loop Ventilation Algorithms
    • 4.2.5 Hospital Decarbonisation Targets Driving Energy-Efficient Ventilator Upgrades
    • 4.2.6 Rise Of Subscription-Based 'Ventilation-As-A-Service' Models
  • 4.3 Market Restraints
    • 4.3.1 Persistent Semiconductor Shortages Elongating Lead Times
    • 4.3.2 Reimbursement Caps On Home Mechanical Ventilation In OECD Markets
    • 4.3.3 OEM Liability Exposure After Pandemic-Era Emergency Authorisations
    • 4.3.4 Cyber-Security Vulnerabilities In Connected ICU Ventilators
  • 4.4 Supply Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Intensive-Care Ventilators
    • 5.1.2 Transport / Portable Ventilators
    • 5.1.3 Neonatal / Pediatric Ventilators
    • 5.1.4 High-Frequency Oscillatory Ventilators
    • 5.1.5 Non-Invasive Ventilators
  • 5.2 By Interface
    • 5.2.1 Invasive Ventilation
    • 5.2.2 Non-Invasive Ventilation
    • 5.2.3 Continuous Positive Airway Pressure (CPAP)
    • 5.2.4 Bi-level Positive Airway Pressure (BiPAP)
    • 5.2.5 High-Flow Nasal Cannula (HFNC)
  • 5.3 By Mode
    • 5.3.1 Volume-Controlled Ventilation
    • 5.3.2 Pressure-Controlled Ventilation
    • 5.3.3 Dual / Combined Modes
    • 5.3.4 Synchronized Intermittent Mandatory Ventilation (SIMV)
    • 5.3.5 Proportional Assist / Adaptive Support Ventilation
  • 5.4 By End User
    • 5.4.1 Hospitals & Clinics
    • 5.4.2 Ambulatory Surgical Centers
    • 5.4.3 Emergency Medical Services (EMS)
    • 5.4.4 Home-Care Settings
    • 5.4.5 Long-Term Acute Care Facilities
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia
    • 5.5.3.6 Rest of Asia Pacific
    • 5.5.4 Middle East & Africa
    • 5.5.4.1 GCC
    • 5.5.4.2 South Africa
    • 5.5.4.3 Rest of Middle East & Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)}
    • 6.3.1 Medtronic plc
    • 6.3.2 Koninklijke Philips N.V.
    • 6.3.3 GE HealthCare Technologies Inc.
    • 6.3.4 Drägerwerk AG & Co. KGaA
    • 6.3.5 Hamilton Medical AG
    • 6.3.6 Getinge AB
    • 6.3.7 Fisher & Paykel Healthcare Corp.
    • 6.3.8 Vyaire Medical Inc.
    • 6.3.9 Smiths Group plc (Smiths Medical)
    • 6.3.10 ResMed Inc.
    • 6.3.11 Nihon Kohden Corp.
    • 6.3.12 Mindray Bio-Medical Electronics Co., Ltd.
    • 6.3.13 Skanray Technologies Ltd.
    • 6.3.14 Zoll Medical Corporation
    • 6.3.15 Air Liquide Medical Systems
    • 6.3.16 Allied Healthcare Products Inc.
    • 6.3.17 Intersurgical Ltd.
    • 6.3.18 Bunnell Incorporated
    • 6.3.19 Shenzhen Comen Medical Instruments
    • 6.3.20 Telesair Inc.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Global Ventilators Market Report Scope

By Product Type
Intensive-Care Ventilators
Transport / Portable Ventilators
Neonatal / Pediatric Ventilators
High-Frequency Oscillatory Ventilators
Non-Invasive Ventilators
By Interface
Invasive Ventilation
Non-Invasive Ventilation
Continuous Positive Airway Pressure (CPAP)
Bi-level Positive Airway Pressure (BiPAP)
High-Flow Nasal Cannula (HFNC)
By Mode
Volume-Controlled Ventilation
Pressure-Controlled Ventilation
Dual / Combined Modes
Synchronized Intermittent Mandatory Ventilation (SIMV)
Proportional Assist / Adaptive Support Ventilation
By End User
Hospitals & Clinics
Ambulatory Surgical Centers
Emergency Medical Services (EMS)
Home-Care Settings
Long-Term Acute Care Facilities
By Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
By Product Type Intensive-Care Ventilators
Transport / Portable Ventilators
Neonatal / Pediatric Ventilators
High-Frequency Oscillatory Ventilators
Non-Invasive Ventilators
By Interface Invasive Ventilation
Non-Invasive Ventilation
Continuous Positive Airway Pressure (CPAP)
Bi-level Positive Airway Pressure (BiPAP)
High-Flow Nasal Cannula (HFNC)
By Mode Volume-Controlled Ventilation
Pressure-Controlled Ventilation
Dual / Combined Modes
Synchronized Intermittent Mandatory Ventilation (SIMV)
Proportional Assist / Adaptive Support Ventilation
By End User Hospitals & Clinics
Ambulatory Surgical Centers
Emergency Medical Services (EMS)
Home-Care Settings
Long-Term Acute Care Facilities
By Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the projected value of the ventilators market by 2030?

The market is expected to reach USD 7.42 billion by 2030.

Which product category is growing fastest?

Portable ventilators are advancing at an 8.7% CAGR through 2030 as EMS fleets and home-care programs expand.

Why is non-invasive ventilation gaining popularity?

NIV lowers hospital readmissions, improves patient comfort, and aligns with payer incentives for home-based care.

How are semiconductor shortages affecting supply?

Lead times have lengthened by up to eight weeks, prompting manufacturers to adopt dual-sourcing and redesign strategies.

What role does artificial intelligence play in new ventilators?

AI-enabled closed-loop modes automatically adjust settings, reduce manual interventions, and support lung-protective strategies.

Which region offers the highest growth potential?

Asia-Pacific is forecast for a 15.9% CAGR thanks to large-scale ICU bed expansion and demographic shifts.

Page last updated on: